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Prysmian, the Italian energy and telecom cable systems provider, has won two contracts worth approximately €250 million (around $253,3 million) by Red Eléctrica de España, S.A.U., the transmission system operator of the Spanish power grid. The contracts are for the development of two projects: a submarine power interconnection between the islands of Tenerife and La... Continue Reading →
Prysmian has received the first layer of approval of the construction permits for the development of its new subsea cable plant in Brayton Point, Massachusetts, which will service the U.S. offshore wind sector. Construction is planned to start in the summer of 2023 and to take two years. With a $200 million investment, Prysmian will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for a new election, fully validated the analyses made by the Eligibility Committee (CELEG) regarding the candidates nominated by the controlling shareholder and minority shareholders... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos (Pemex) disclosed the names of two former managers that allegedly received bribes from the world's largest independent commodity trader, Vitol, newspaper Reforma reported on Friday, citing independent journalism organization Quinto Elemento Lab. Citing a document obtained through the Mexican transparency institute, Quinto Elemento named the two former general... Continue Reading →
(Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 78,000 barrels per day (bpd) to a record 5.445 million bpd in August, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale... Continue Reading →
(Reuters) - Democratic Republic of Congo will offer 27 oil blocks and three gas blocks, nearly double as many as previously planned, in a licensing round next week, the hydrocarbons ministry said on Monday. Congo, a leading miner of copper, cobalt, gold and diamonds, has long aimed to boost its oil sector and is believed... Continue Reading →
(Upstream) Brazil’s vast potential for offshore wind generation and the challenges associated with implementing this new industry in a country that is still investing a lot of money in oil and natural gas projects were among the hot topics discussed in Upstream’s latest digital conference. With more than 130 gigawatts of future projects under environmental... Continue Reading →
The world market for the supply of underwater Christmas trees should have Brazil as the main stage during this third quarter. In a survey carried out by Westwood Energy, the main contracts of the type expected for the period between July and September should include Shell's Gato do Mato projects in the Santos basin; Maromba,... Continue Reading →
Brazilian oil company Petrobras has awarded a 4-year contract to CIMC and OOS International for the OOS Tiradentes semi-submersible accommodation rig. Under the contract, the accommodation rig will be used to provide safety and maintenance support offshore of Brazil from April 2023 onwards. The four-year contract award follows on from two long-term contracts previously awarded by Petrobras in 2018... Continue Reading →
(OM) Two key Equinor field development projects offshore Brazil are driving deepwater rig contracting activity, according to Evercore ISI’s latest Offshore Rig Market Snapshot. Recently,Valaris announced that it will be reactivating the DS-17 for a new 540-day contract with Equinor for offshore Brazil. The $327-million contract value includes $86 million in upfront reimbursements for mobilization, reactivation,... Continue Reading →
